Centralised EU VAT system: moving towards single one-stop shop

Is a definitive EU VAT system closer to being realised with Germany’s acceptance of a one-stop shop (OSS) for VAT on distance sales, asks Nicholas Hallam, CEO of Accordance

At the end of May, the European Commission published its latest proposal for a definitive EU VAT system. To make the European VAT process clear, coherent and simple has been an aspiration of the European Commission for decades. Indeed, it had hoped and expected that all the contradictions latent in the current system would be resolved through discussion between itself and EU member states in time for the introduction of the Single European Act. That was back in 1993.

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